3,662 Shares in Apogee Enterprises, Inc. (APOG) Acquired by Petrus Trust Company LTA
Petrus Trust Company LTA bought a new position in shares of Apogee Enterprises, Inc. (NASDAQ:APOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,662 shares of the industrial products company’s stock, valued at approximately $208,000.
Several other institutional investors have also added to or reduced their stakes in the business. Parallax Volatility Advisers L.P. bought a new position in shares of Apogee Enterprises in the second quarter valued at $463,000. Voya Investment Management LLC lifted its stake in shares of Apogee Enterprises by 23.7% in the second quarter. Voya Investment Management LLC now owns 43,697 shares of the industrial products company’s stock valued at $2,484,000 after buying an additional 8,373 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Apogee Enterprises by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,315,754 shares of the industrial products company’s stock valued at $74,787,000 after buying an additional 18,145 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Apogee Enterprises by 76.9% in the second quarter. Advisor Group Inc. now owns 3,444 shares of the industrial products company’s stock valued at $195,000 after buying an additional 1,497 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Apogee Enterprises by 26.8% in the second quarter. Nordea Investment Management AB now owns 33,994 shares of the industrial products company’s stock valued at $1,932,000 after buying an additional 7,194 shares in the last quarter.
A number of research analysts have weighed in on APOG shares. ValuEngine lowered shares of Apogee Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Apogee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. BidaskClub lowered shares of Apogee Enterprises from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, DA Davidson set a $52.00 price objective on shares of Apogee Enterprises and gave the company a “buy” rating in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.75.
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In other news, Director Jerome L. Davis sold 18,706 shares of the business’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $55.04, for a total transaction of $1,029,578.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.
Apogee Enterprises, Inc. (NASDAQ APOG) opened at 48.26 on Friday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 17.61 and a beta of 1.61. Apogee Enterprises, Inc. has a 1-year low of $39.88 and a 1-year high of $61.00. The firm has a 50 day moving average of $46.90 and a 200-day moving average of $53.11.
Apogee Enterprises (NASDAQ:APOG) last announced its earnings results on Tuesday, September 19th. The industrial products company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.04. Apogee Enterprises had a net margin of 6.57% and a return on equity of 17.89%. The firm had revenue of $343.91 million for the quarter, compared to analysts’ expectations of $349.97 million. During the same quarter in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. On average, equities research analysts anticipate that Apogee Enterprises, Inc. will post $3.07 earnings per share for the current fiscal year.
About Apogee Enterprises
Apogee Enterprises, Inc is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. The Company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated glass used in customized window and wall systems.
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